"Haagenson 3-2 – This is the first infill well in the Three Forks zone and is located between the Cody 16-11 and the Coplan 1-3 producers. The well was stimulated and put on production in November, 2012 and it produced a total of 14,256 barrels of oil (BO), 12,438 barrels of water (BW), and 5,580 MCF of gas during the first 30 days on pump for a calculated average rate of 475 BOPD, 415 BWPD, and 186 MCFPD".
From the ND Oil and gas Board we know that this great well produced 39.000 barrels of oil from sometime in November 2012 to the end af January. The Hagenson will pay out in record time for AMGZ, but we are now awaiting results for Megan that could be even better.
The question I have is how significant in reserve adds is the success of this middle Bakken test. I am guessing from past conversations with management that we might see a 1.25-1.5 times increase in 2P reserves. Any thoughts?
AMZG is turning into a machine. It's the best Bakken play around in terms of market cap and performance. It ranks among the best if not the best small cap energy play in N. America.
The Christianson Bros. 15-33 well, which was drilled and completed in the Middle Bakken Formation, features a 5,420' lateral, which is shorter than usual because it is drilled across a correctional section adjacent to the Canadian border. The well was placed on pump in early March after a 31 stage hydraulic fracture stimulation was completed, and has produced an average of 503 bopd, 220 mcfpd (thousand cubic feet per day) and 417 bwpd (barrels of water per day) for the first week of production. The high production rates combined with the good oilcut confirms the good reservoir quality that was mapped by the Company in the area.